Microeconomic Theory
Microeconomic Theory
The Department of Economics at the University of Warwick has an active Microeconomic Theory Research Group, with a weekly external seminar, a weekly internal workshop, and high quality PhD students. We also organise international conferences on campus, or in Venice.
Our activities
CRETA Seminars in Economic Theory
Wednesday: 4-5.30pm
Since its creation in 2006, CRETA has run a seminar series with external and internal talks on economic theory and applications. For a detailed scheduled of speakers please follow the link below:
Organisers: Daniele Condorelli and Costas Cavounidis
Micro Theory Work in Progress (MIWP) Workshop
Thursday: 1-2pm
For faculty and PhD students at Warwick and other top-level academic institutions across the world. For a detailed scheduled of speakers please follow the link below.
Organiser: Agustin Troccoli-Moretti
People
Academics
Academics associated with the Microeconomic Theory Research Group are:
Events
MIWP Workshop - Xueying Zhao (Warwick PGR)
Title: Tailoring Data for Profit
Abstract: This paper develops a framework to analyze the optimal sale of information. A data buyer, facing a decision problem under uncertainty, initially has access to an information structure that is private to him and determines his willingness to pay for any additional information. A monopolistic data seller, capable of designing tailored information structures, seeks to maximize revenue. Compared to Bergemann, Bonatti, and Smolin (2018), the novelty of this paper lies in two key features: (i) the type space consists of various information structures, and (ii) correlations are allowed between the data buyer’s initial information and the additional information offered by the data seller. The main result demonstrates that, in a large class of cases, the data seller can design and price information within a mechanism to fully extract the first-best surplus. Specifically, full surplus extraction is achievable when each lower-type buyer’s willingness to pay for information that fully supplements their initial information is weakly higher than that of all higher types.
Here is the MS Teams link.